BDSwiss Review

BDSwiss review

BDSwiss Review

www.bdswiss.com

  • Leverage: 1:500

  • Regulation: CySEC, FSC, NFA

  • Min. Deposit: 200 US$

  • HQ: Switzerland, Cyprus

  • Platforms: MT4, MT5, BDSwiss Webtrader

  • Found in: 2012

BDSwiss Licenses

  • BDSwiss Holding PLC - authorized CySEC (Cyprus) registration no. 199/13
  • BDS Markets -authorized by the FSC (Mauritius) registration no. C116016172
  • BDSwiss LLC - authorized by U.S. National Futures Association NFA ID: 0486419

Top 3 Forex Brokers

  1. What is BDSwiss?
  2. Awards
  3. Is BDSwiss safe or a scam?
  4. Leverage
  5. Accounts
  6. Fees
  7. Market Instruments
  8. Deposits and Withdrawals
  9. Trading Platform
  10. Customer Support
  11. Education
  12. Research
  13. Conclusion

What is BDSwiss?

BDSwiss is an international brokerage firm established in 2012 in Zurich, which fastly approached Markets and became one of the largest trading groups. The current clients’ base of BDSwiss counting more than a million clients from over 125 countries, as well as serving exclusive Member club that has more than 1 million traders.

Since the approach of the company establishment comes from Switzerland, its strong basis confirmed by the great environment company built. And ever since providing online trading services as a worldwide operating group with its headquarters in Switzerland and established offices including the US, Cyprus, Mauritius and Seychelles.

ProsCons
Strong establishment with regulated headquarter in SwitzerlandSupport not available 24/7
Worldwide coverage through entities in the US and Cyprus
Forex and CFD instruments
Ultimate trading technology
Choice between MT4, MT5 and Proprietary platform
Wealth management opportunity
Fast account opening
Quality customer support
BDSwiss Review

10 Points Summary
HeadquartersSwitzerland and offices in Europe, US and more
Regulation and LicenseFINMA, ESMA, CySEC, FSC, NFA
PlatformsMT4, MT5 and proprietary BDSwiss WebTrader
InstrumentsStocks, Commodities, Forex, Metals, Indices, Cryptocurrencies
CostsSpreads are quite low with accounts on spread only or commission charges
Demo AccountAvailable
Minimum deposit100$ for Classic Account
Base currenciesEuro (€), US Dollar ($) and the British Pound (£)
EducationLearning Academy with Forex Courses and deep Research Tools
Customer Support24/5

Awards

BDSwiss has earned not only great reviews from world trading community but also numerous industry awards for its successful operation and trading technology they heavily invest in. BDSwiss was rewarded and recognized for its excellent service and trading technology confirming its sustainable trading conditions and also very much recognizing its Trading App along with Trade Execution. Yet, more of the detail you will see further in our BDSwiss Review so that you’re able to verify so.

BDSwiss Awards

Is BDSwiss safe or a scam?

BDSwiss is a trading name of the BDSwiss Holdings PLC, a company incorporated under the laws of Cyprus which also holds a Cyprus Securities and Exchange Commission license to provide its legal financial and trading services. As a state member of the EU, the Cyprus regulation fully complies regarding the provision of investment services with the European MiFID and MiFID II Directives designed to deliver a safe trading environment and control the operation of markets itself.

Also, BDSwiss being a holding serves entities in Switzerland, Germany, the US and other offices where is all authorized to deliver trading opportunity.

ProsCons
Regulated international brokerNot listed on Stock Exchange
Cross border licenses and global coverageRuns offshore entities in Mauritius and Seychelles
Negative Balance Protection applied

Is BDSwiss a regulated broker?

Thus, the BDSwiss company is eligible to provide services within the EEA zone and is a regulated broker, while the local authorities registered the company in their records of accomplishment or in simple allowing to conduct offerings legally due to broker’s records.

Another BDSwiss operation offices located in attractive offshore zones Mauritius and Seychelles, which is registered by the Mauritius Financial Services Commission (FSC) and all in all enhance the broker’s possibility to offer its service to various residents globally. Even though the offshore registration does not give serious and safe compliance to the trading standards and operation, since BDSwiss in parallel is regulated by the European respected authority overall it is considered to be a safe broker.

However, as we always recommend check on the regulation carefully and never sign in with an only offshore registered broker (read more why avoid trading with offshore brokers).

BDSwiss license

How are you protected?

According to the regulation, the security of funds along with the client protection delivered in multiple ways that ensure a safe trading environment and investors’ legal compliance. It is a fact that you are always protected as long as the broker is regulated by the regulations. Moreover, the BDSwiss registered with U.S. authority NFA as a member and an introducing company – BDSwiss LLC – authorized by NFA (U.S.) registration no. 0486419.

Leverage

Leverage, known as a loan given by the broker to the trader enables you to trade through the multiplied volume that may raise your potential gains, yet in reverse increases high risks too. So firstly you should learn how to use tools smartly, also various regulatory standards and restrictions set a particular allowed level of leverage that is considered to be safe.

However, the opinions of authorities about “safe levels” are different, so make sure to verify under which regulation you will fall so that the level is defined correctly as well.

  • European clients can now use only a maximum leverage level 1:30 for Forex instruments
  • The global BDSwiss traders may be still entitled for a higher range of up to 1:500
  • US traders entitled for 1:40

For the most accurate data check on the official BDSwiss platform and verify its allowance with your residual status, also make sure to check each instrument separately as it varies according to the asset as well.

BDSwiss spreads

Accounts

When opening your trading account there is an option to choose the desired base currency through the selection between the Euro (€), US Dollar ($) and the British Pound (£), which is definitely great as it means you will not be charged for currency conversion.

ProsCons
Fast account openingNone
Three Account types offered
Selection between three base currencies
Investment option though Wealth Management
Demo Account and Live Account
Daily Analysis and Exclusive Webinars for VIP clients

Account types

BDSwiss currently offers three main account types which are Classic, Vip and Raw, created to cater to the needs of different Forex traders through lower costs according to trading sizes and advanced services once size increase. While Classic and Vip account are based on spread only model, Raw account features interbank spreads and commission charge per lot.

BDSwiss also does offer a Forex or CFD “Demo Account”, that is free of capital risk environment allowing either to learn or practice strategies, check the trading conditions before the live account is active, which is very necessary for your better understanding.

In addition, every BDSwiss client is managed according to strict regulation broker adheres, while the account balance can’t fall below zero due to the applied negative balance protection.

BDSwiss accounts

How to open an Account?

  1. Load BDSwiss Sign In page. You may also sign with an existing account on Facebook or Google.
  2. Enter your personal data (Name, email, phone number, etc)
  3. Upload your documents to verify the account. It is a legal procedure to check proof of your residents, through utility bill, your ID or similar.
  4. Complete questioner about your trading experience and expectations
  5. Once your account is activated you will get access to your account area.
  6. Next, once you learn all risks and benefits involved, you may proceed with funding.
  7. Almost instantly you will be able to start trading through BDSwiss platforms.

Fees

For trading fees for each underlying asset you will be charged for we will find the usually applicable spread, while the rollover for short and long positions is also additional charge if you hold positions overnight, as well as the margin requirement.

ProsCons
Average trading feesAdministration fee for non-use account
Spread only or Raw Spread plus commission account offered
0$ Withdrawal fee

Our find on Forex Fees

The applicable spreads and commissions charged when conducting trade and vary according to the account type you select. While the Classic and VIP account fees are all included in the spread, if you are a trader of bigger size and the one prefer commission basis Raw Account is your choice then. The Raw account offers an interbank spread and commission paid per transaction opening which is 5$.

To get a closer look, check below the comparison on most popular assets applicable to the BDSwiss Classic Account type, while the broker himself mentions that Classis spread are starting from 1.5 pips and VIP feature lower conditions with a spread from 1.1 pip.  Also, you may compare BDSwiss fees to its peer XM Trading and other popular brokers listed below.

Trading Fees of BDSwiss vs Similar Brokers
Asset/ PairBDSwiss FeesAvaTrade FeesPlus500 Fees
EUR USD1.5 pips1.3 pips0.6 pips
Crude Oil WTI632
Gold254029
BTC/USD20000.75%0.35%
Inactivity FeeYesYesYes
Fee rankingAverageAverageLow

Snapshot of BDSwiss spreads

BDSwiss fees

Trading Instruments

BDSwiss provides access to seamless trading through the great range of 250+ underlying assets, while you may choose from leading Shares, Indices, Forex, Commodities and Cryptocurrencies based on CFDs.

Therefore, with access to most liquid and popular markets you may choose the desired and most understanding instrument according to your trading need and use BDSwiss user-friendly portal to benefit from trading.

BDSwiss trading instruments

Funding Methods

BDSwiss works with a variety of payment service providers that ensure your possibility to cover a wide range of deposit methods in a particular country.

Deposit methods

The methods including a wide range of payment options yet may vary according to the country regulations and your residence so always good to verify this information with the support center as well.

  • credit cards
  • bank transfers
  • Sofortüberweisung
  • Skrill, iDEal, EPS, giropay, and many more

ProsCons
Fast digital deposits, including Credit Card, Debit Card, Electronic WalletNone
No deposit fee
Withdrawals free of charge

Minimum deposit

Normally the minimum deposit required for you to start live trading is 100$, which is an attractive opportunity to many traders as a start with a Classic account. The pleasant moment is that BDSwiss does not charge any fees on credit card/electronic wallet deposits as well, yet may vary from rules to another.

BDSwiss deposit

Withdrawals

BDSwiss arranges withdrawal quite democratically too, while the minimum withdrawal amount is $100, while in most cases the withdrawals processed free of charge. Yet in case you would like to withdraw less than the mentioned amount the broker may add on a fixed processing fee of 10$.

How long does it take to withdraw money from BDSwiss?

As the broker mentions it always aiming to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed. As well, always give additional days for your payment to proceed with the transaction once it is already confirmed and done by BDSwiss.

How do I withdraw money from BDSwiss?

You should login to your Client Portal and submit a withdrawal request by following of the required procedure.

  1. Choose the withdrawal amount
  2. Select the withdrawal method and confirm fee if applicable (form amount lower than 100$)
  3. Submit and check the status though you Client Portal

Trading Platforms

The software solution offered by the BDSwiss mainstays at the popular choice of MetaTrader4 platform, that provides a comprehensive trading feature and vast of solutions. It is not actually a surprise, as MT4 is a known industry intuitive platform that allows trading anywhere and anytime with advanced charting tools, indicators to manage the risks with a better possibility to determine price direction.

ProsCons
Proprietary Web trading platformNone
User friendly design and login
Price alerts
MT4 and MT5 offered as well
Supporting many languages

Web Trading

Proprietary BDSwiss WebTrader is fully based online, so you don’t need any downloads or installation and may access trading right from your browser. The platform has a clean view and quite comprehensive and powerful analysis features including technical analysis and risk management tools. So even by the use of WebTrader you can make full out of trading.

BDSwiss platform

Mobile Trading Platform

Of course, BDSwiss developed its Mobile App as well, which actually is highly rewarded by traders and publications as well. All the most important features are available there, so being on the go you still may perform analysis, check on the open positions, manage them and access your account management.

ProsCons
Proprietary Mobile AppNo Face login
Customer friendly and easy to use
Price alerts with notifications

Desktop Platform

The available versions of both MetaTrader4 and MetaTrader5 suited to various devices and including PC, Mac, Applications or Web platform that requires no installations. SO yet you can download the desktop version for those platforms and use its full capability, which is more required by active or professional traders.

There is no questions why so many traders choosing MT4, as the platform is simply good with its charting capabilities, a range of tool and what is more pleasant a vast of add-ons that are available on the market and making the trading process a pleasant one.

MT5 being a newer version also gained great popularity and features even more developed tools and comprehensive analysis options, loved either by beginners or professionals. Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced one either with manual trading or automated trading through EAs.

The available versions suited to various devices and including PC, Mac, Applications or Web platform that requires no installations. There are no questions why so many traders choosing MT4, as the platform is simply good with its charting capabilities, a range of tools and what is more pleasant a vast of add-ons that are available on the market and making the trading process a pleasant one. Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced one.

Customer Support

One of the other great points we should admit is Customer Support. BDSwiss multilingual support is available with service the trader requires daily which is also on a very sustainable and professional level. Even though you can Live Chat, Phone or Email them within working hours 24/5 we still remain happy with its quality level.

ProsCons
Quality customer support with live chatSupport not available 24/7
Fast response
BDSwiss support

Education

By maintaining optimum support and assistance, refined products and full transparency the BDSwiss also educates its clients through its Academy. Educational resources covering useful information on how to operate in markets, develop own trading strategy with accredited courses and webinars.

Together with comprehensive education materials provided by Forex Courses, defined by the level of expertise, Webinars and Seminars. You will also access useful information with market alerts, trading information and analysis through its established BDSWiss Blog, which is definitely good and necessary for any trader especially beginners.

ProsCons
Education Courses for Beginners, Intermediate and Advanced tradersNone
Seminars and webinars also available in record
Free Demo account

Research

Also, BDSwiss offers great research tools and supporting traders with unique materials making you a better trader. Besides general and popular tools alike Economic Calendars, good quality market Analysis provided by BDSwiss Analyst team, there is also access to Authochartist and Trading Alerts available to all clients.

However, the level of depth in research tool is depending on the client portfolio or account types, alike VIP and Raw account holders will benefit from deeper research materials including Exclusive Webinars, Performance Stats, VIP Trading Alerts and more.

ProsCons
Deep research toolsComprehensive Research available for VIP and Raw account holders only
Economic Calendar, Market Analysis
Autochartist and Price Alerts
Performance Statistics and Fee Reports
Daily Analysis and Exclusive Webinars for VIP clients

Conclusion

An overall BDSwiss review shows a company, which managed to increase client portfolio to over a million customers through and thanks to its stable trading conditions and a global proposal that is suited to worldwide clients. The broker relies on Swiss expertise in finance and provides an opportunity to engage in trading to almost any resident, due to their regulation by the EU authority and other additional registrations.

BDSwiss signals

Can I trade Cryptocurrencies?

The trading costs and account types are among the average in BDSwiss offering, along with the range of tools that bringing powerful portfolio feature and a possibility to trade popular Cryptocurrencies. SO yes you can trade Cryptocurrencies based on CFDs also with quite good costs.

In addition, the company runs an active blog and community of traders, which allows sharing the experience to get better knowledge about the markets and trading itself. So the conclusion comes to the point of a quality BDSwiss offering that may suit either beginning trader or even the seasoned professional.

Robby From Indonesia | | Thursday, April 30, 2020

This broker sucks. i have open position which is in floating profit. but suddenly it was closed by itself. i have email them but i have got no replied from them.

  • Robby
  • Robby
  • Robby

No news available.

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